PagBank price target raised to $10 from $9 at BofA

BofA raised the firm’s price target on PagBank (PAGS) to $10 from $9 and keeps a Neutral rating on the shares. The firm increased its net income estimates to incorporate a beat in Q4 and guidance provided for FY25, the analyst tells investors. The firm now expects 11% EPS growth in FY25, in line with management guidance of 11%- 15%, the analyst noted.